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Tatar-Bashkir Report: October 24, 2000

24 October 2000
Tatar Delegation Checks On Recruits Stationed In Perm
A delegation headed by the State Council juridical board chief, Shakir Yagudin, left for Perm Oblast to investigate the conditions in which soldiers from Tatarstan are living, Tatar-inform reported on 23 October. During their week-long stay, representatives from Tatarstan's Health Protection Ministry, Military Registration and Enlistment Office, and reporters will evaluate the situation in the rocket unit, where draftees Igor Fyodorov, who committed suicide, and deserter Yevgeni Romanov served.

Small Tatar Oil Company Sells Stock
Tatarstan's smaller oil company, Aloil, has completed a successful bond distribution, Tatar-inform reported. Exactly 200,000 issues worth 100 rubles each were bought by 50 investors, six of whom are juridical workers. The money raised from the sale will be allocated to the Alekseevo drilling deposit and be used for liquid capital. The deposit is said to hold 5.5 million tons of oil and is located both in Tatarstan's Bauly district and in Orenburg Oblast. Six tons of oil a day are currently being extracted by 32 wells. By 2008, Aloil plans to bring annual extraction to 350,000 tons.

Aloil is Tatarstan's second smallest oil company after Mellyaneft, which distributed has already had a public offering. Artur Alekyan, the deputy head of the investment company Solid -- which was a consultant to Aloil, said that 15 more small oil companies will issue bonds. The small share of oil drilled by Tatarstan's smaller oil companies today is expected to grow to 8 million tons annually in only three years.

Russian Government To Reduce Funding For Kazan Metro Construction
Federal authorities plan to cut spending for construction of the Kazan underground next year from half of the total expenses it is currently paying to just 20 percent, Efir-inform reported. The Russian government has reportedly decided to cut back on financing for subway systems in all Russian regions. Kazan subway constructors were quoted as saying that they would be able to cover as much as 30 meters a day instead of the seven they currently complete if they had a proper supply of construction materials. Altogether they have completed 350 meters of the first subway line. Analysts say it will be difficult for Tatarstan to foot the cost of the subway with diminished federal funds.

KamAZ And Pavlovo Avtobus Working Together
A new assembly line started working at the Pavlovo autobus company that will produce buses with chassis and engines supplied by the KamAZ truck concern, Tatar-inform reported on 23 October. An official from Tatarstan's Transport Department, Viktor Naidin, told the news agency that a first order of 10 new buses jointly designed by the two companies has already been assembled. Seven hundred are to be produced next year. Some $25 million was reportedly invested in the project.

By Gulnara Khasanova